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IMMO - Compagnie Immobiliere De Belgique SA News Story

€76.3 1.8  2.4%

Last Trade - 4:35pm

Sector
Financials
Size
Mid Cap
Market Cap £614.3m
Enterprise Value £1.15bn
Revenue £296.4m
Position in Universe 290th / 842

BRIEF-Immobel Carries Out 1st Closing Of Immobel Belux Office Development Fund

May 18 (Reuters) - Compagnie Immobiliere de Belgique SA
 IMMO.BR :
    * IMMOBEL CARRIES OUT THE FIRST CLOSING OF THE IMMOBEL BELUX
OFFICE DEVELOPMENT FUND
    * AGGREGATE EQUITY COMMITMENT OF EUR 80 MILLION HAS BEEN
REACHED
TO INVEST UP TO EUR 230 MILLION IN OFFICE DEVELOPMENT PROJECTS
IN BELGIUM AND LUXEMBOURG
    * TARGETED EQUITY COMMITMENT OF EUR 200 MILLION, ALLOWING
FOR AN
INVESTMENT CAPACITY OF UP TO EUR 550 MILLION
    * FURTHER CLOSINGS ARE EXPECTED TO TAKE PLACE BEFORE THE END
OF
2021
    * FUND WILL ACQUIRE THE FIRST SEED ASSETS BEFORE THE SUMMER
OF
2021

Source text for Eikon:  ID:nNDL3LMYDF 
Further company coverage:  IMMO.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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